Angola Minister of Mineral Resources, Oil and Gas Diamantino Pedro Azevedo said the decision on cuts had not been unanimous.
The Prospector 5 will now be under contract until May 2026, while the Natt is under contract until December 2025.
EnerMech has been awarded a five-year, multi-million pound contract by TotalEnergies EP Congo for crane and lifting maintenance at a new local facility.
Woodside has said there is a one-well commitment on the licence, due by the end of 2025.
Eni reports production from 18 blocks, of which it operates 12 – with 10 offshore and two onshore. In the upstream, its focus is around the deep waters off Pointe Noire and, onshore, in Koilou.
Perenco has started up four new wells in Congo Brazzaville, on the Boatou permit.
Congolese Oil Minister Bruno Jean Richard Itoua signed a security agreement for Marine XII on March 20. The government approved a fiscal agreement on LNG production for the licence in December 2021.
Gas volumes will also grow, he said. It is currently producing 1.5 billion cubic metres per year and this will grow to 5.5 bcm “at the next development stage" Tass reported the manager as saying.
Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production.
The facility will allow LNG production to “significantly increase”, Expro said. It is intended to allow additional gas production support power generation.
The Wison FLNG unit will be Eni’s second offshore Congo.
Wison Heavy Industries has won work to develop a floating LNG (FLNG) project for Eni off Congo Brazzaville.
Workers from Ponticelli Frères are going to work on TotalEnergies’ Alima FPU, in Congo Brazzaville, for a planned 16 days of maintenance.
Perenco has reported drilling success at its PNGF Sud licence, in Congo Brazzaville, potentially opening a new play.
High gas prices represent an opportunity for those already producing, but those working on new supplies are feeling the need to accelerate plans. Floating LNG (FLNG) offers one solution, being faster to market than onshore projects.
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
Shelf Drilling has won a contract for one of its jack-up rigs to work offshore Nigeria, for 225 days.
Eni has signed a heads of agreement (HoA) with New Fortress Energy (NFE) for an LNG facility in Congo Brazzaville.
Flames broke out on a walkway yesterday in a dramatic display for Perenco, offshore Congo Brazzaville.
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
TotalEnergies and Inpex are selling out of Angola’s offshore Block 14, transferring their interests to locally owned Somoil.